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the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new cabinet raised the country's growth forecast to 2.5% a year from april. but the nikkei saw some profit taking today after touching a fresh 32-month high. question over domestic earnings weighed on sentiment. despite winning back the world's top sales crown from general motors, they didn't get a lift. but sony shares jumped 9% after citigroup's upgrade and on reports that china is considering ending a decade-long ban on video game consoles. sentiment boosted by news that chinese industrial profit climbed to 17% in december from a year ago. brokerages rall
the euro/dollar, weaker by 0.1%. 1.3453 is that level. yen, of course, this is down by about 0.2% to 90.70. we were looking at that 91 level earlier. for more on what's been happening across asia and especially in japan, let's get straight out to will i sixuan. she joins us now from sing pore. >> thank you, kelly. a lot of focus, indeed, on shinzo abe's first policy speech where he continued to pressure the boj to achieve the 2% inflation target as soon as possible. earlier today, the new...
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however euro skeptics warn seven are in recession. it's possible that germany falls into a recession as well. so they aren't out of the woods yet. don't get complacent about europe. did japan just start a currency war? announcing a full on assault on inflation. that's likely to weaken their currency and a lot. making it more difficult for the u.s. and europe to increase their exports. where does it end? what kind of unintended consequences could it bring? the third possible derailment, china. not the pace of their growth which has recovered. china worries more about political risk because the country has new leadership for the first time in ten years. and if the country is going to keep growing, they must do some very controversial reforms. that's going to lead to some kind of internal distress as investors try to hold on to power. and the final wild card, iran and its nuclear ambitions. there it's hard for the markets to measure what could happen. >> okay, michelle. thank you. a group of bipartisan senators meanwhile have agreed on a
however euro skeptics warn seven are in recession. it's possible that germany falls into a recession as well. so they aren't out of the woods yet. don't get complacent about europe. did japan just start a currency war? announcing a full on assault on inflation. that's likely to weaken their currency and a lot. making it more difficult for the u.s. and europe to increase their exports. where does it end? what kind of unintended consequences could it bring? the third possible derailment, china....
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i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen are sticking around. thank you for this great perspective this morning. >> if you have comments or questions about anything that you see here on squawk, e-mail us squawk@cnbc.com. >>> still ahead, a major blow to president obama. this was pretty interesting on friday. his nlrb recess appointments ruled unconstitutional and also puts cord ray, the cpcf -- >> consumer protection board. >> anything that either agency does now could be challenged. >> for 300 different rulings that they've made at this point? >> and how much is twitter really worth? another k
i know ryan wants to see the debt drop to the euro. but stabilizing the debt relative to our income is sustainability. and i think we're pretty much there in the u.s. we're nowhere near that in europe. so in the u.s., it's fiscal policy as usual minus 1% for government spending. but in the new year, just as we saw in the last year from public policy, but we're not going to see -- we're going to see bigger squeezing going on in europe. >> carl, we're going to leave tlit. these gentlemen...
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we were able to win over 25 of 27 members even though 17 at the time only had the euro. and i think that's encouraging. and from other areas where we cooperate, for example, freedom of travel, we are familiar with such regimes of enhanced cooperation, so we should look at that without undue, um, worry. at the same time, we should not completely block off the possibility that we still wish for many others to join us in the euro. [speaking german] >> translator: madam chancellor, a philosopher said that far-reaching economic and political and social changes can only be achieved in small steps. this was also expressed in your speech. we have a lot to catch up with in many european countries. you said yourself that the time factor has an important part to play. do you think that europe will be able to in the time available since other countries are on the move as well to manage this, this homework? do you believe this? [speaking german] >> translator: let me say i would well say i'm optimistic but under certain conditions. if europe has seen the sign of the times, if it's wi
we were able to win over 25 of 27 members even though 17 at the time only had the euro. and i think that's encouraging. and from other areas where we cooperate, for example, freedom of travel, we are familiar with such regimes of enhanced cooperation, so we should look at that without undue, um, worry. at the same time, we should not completely block off the possibility that we still wish for many others to join us in the euro. [speaking german] >> translator: madam chancellor, a...
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i can tell you i decided as a 29 euros i was going to by the congress in 1994, and in 93 i went around to things like this and there was so much excitement out there. there was excitement out there because there wasn't just one talk radio guy that everybody listen to, or one news channel that everybody listen to, or one website that everybody went to. you would give a great welfare reform idea from john engler in michigan. he would get great crime control ideas from tommy thompson in wisconsin. and newt gingrich, along with trent lott, along with connie mack, along with jack kemp, they were churning ideas out every single day. so in 93 and 94, when i ran, i just plugged my campaign into all the things that gingrich, i think a pretty severe critic but i'll tie you what, it was him doing the very things that ross is complaining about that this republican party and our house doesn't do right now that gave us the majority. i remember in 93 going into the rnc and they had a sign that said think majority. they just laughed but i was like are you kidding me? we have no chance. we have been in
i can tell you i decided as a 29 euros i was going to by the congress in 1994, and in 93 i went around to things like this and there was so much excitement out there. there was excitement out there because there wasn't just one talk radio guy that everybody listen to, or one news channel that everybody listen to, or one website that everybody went to. you would give a great welfare reform idea from john engler in michigan. he would get great crime control ideas from tommy thompson in wisconsin....